"US Cryptocurrency Firms Spend At Least $179.8 Billion on Presidential Election"
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Ardoino CEO, who appeared as a speaker at the DC Fintech Week conference on the 22nd, pointed out the regulatory issues surrounding cryptocurrencies in the United States in recent years.
He said, "The United States has been a leader in many fields, but it has made a big mistake when it comes to cryptocurrencies." He continued, "The US regulation of the cryptocurrency industry has created a huge contradiction due to a lack of understanding of the industry, which has led to a situation where most companies are leaving the US."
Ardoino CEO said that US cryptocurrency companies have spent at least $130 million in the US presidential election in November, most of which went to support the Republican Party.
The US Republican Party has former President Trump, who calls himself a “pro-cryptocurrency candidate,” running for president. Former President Trump has repeatedly emphasized that he will make the US a “cryptocurrency capital” as part of his campaign pledge.
He avoided direct comments on the likely winner. “I don’t know who will win the election, but it is important that sound cryptocurrency regulation and stablecoin regulation play a role in protecting investors,” he said.
Meanwhile, regarding the suspicions surrounding Tether's transparency, he said, "We are doubling down on communication with regulators," and "Tether is a company that strictly complies with regulations, and we will be even more strict in the United States."
Reporter Kwon Seung-won ksw@
